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DNESDAY, DECEMBER 27, 1922 PSSTOCK PRICES | REMAIN STRONG WHEAT SCORES FRESH ADVANG Eastern Selling Fails to De- press Trading on Chicago Exchange. ay “Market Shows Some Irregu- larities but Main Trend ie Upward. ee caren Dec. 27.—Irregular changes characterized today's ‘ctive trading In stocks, The favor- able tmpression created by the suc- cessful bidding up of a few industrial Jeaders notably Bseldwin was offset by - heavy profit-taking end short selling @t other points, giving the market a spotty appearance. Sales approzt- mated 1,000,000 shares. CHICAGO, Dec. 37.—Fresh upturns in the value of wheat tnok piace to- day during the early dealings, higher quotations at Liverpoo] counting as a bullish factor. Tail was also current that there had been a liberal amount of export business done over night. Besides regarding the anormally low condition of the domestic winter crop were a subject of comment. The opening. which ranged from % ta ic higher, with May $1.26 to $1.26% and july $1.15 to $1.16%, was followed by further new gains. On the bulges in prices, there was selling with houses with NEW YORK, Dec. 27.—Resumpticn of yesterday's buying movement in Studebaker, Baldwin and a number of other spec'alties ImparteG a firm tone to opening prices in today’s stock market. New high records for the year were established by Piggly Wis: gly, Stewart Warner Speedomete: Stromberg Carburetor and Studebaker during the first few minutes, the last named touching 141% or 1% points above last night's close. Good buying \so was noted in American Locomo- United States Alcohol, Baldwin, Butte and Superior, American Sugar, Republic Steel preferred, Producers and Refiners; General Asphalt and California Petroleum, the gains rang: ing from large fractions to 144 points. | Consolidated Gas was conspituous' weak, dropping 2 points. and Marine preferred dropped to 43, the lower price of the year. Some hesvine a’so noted in Pan American “ Burns Brothers “A.” Dupont and ‘Westinghouse. Foreign exchanges opened eas'er. Early gains were not long main- tained, the market sagging around ths end of the first hour in response to a large volume of profit-taking and short selling which depressed many | shares, one to tree points. below yes- AN terday's closing figures. ket closed firm, 2%c to lige net kigh- er, with May $1.2§% to $1.264% acd July $1.18% to $1.15%. Corn and cats were firmer in sym- pethy with wheat and as a result of scarcity of offerings. After opening Mec to %Keo higher, May 72%40 to 72 %e, the corn market scored « alight addi- Hounl advance. Reports of ercp damage in Argen- tina and of « better domestic vhipping demand hed a strengthening infu- ace. Tho close was steaty %@% to net higher, May 72% @% to 72%. Oats started a shade to %@%o up, May 45% to 46c and later ascended a little more. Higher quotations on hogs gave a lift to provisions. Cask Grains CHICAGO. be red 132.4@1."4. Corn No. 2 mind T2O@T%; No. 2 white 45% @46c; No. white 43% @4s%. Pan-American “A” and “B,” Fisher Body, Stromberg Carburetor and Lackawanna railroad turned decidedly weak each dropping two points or more. Mexican Petroleum opened 10 points lower at 290. Lack of support for some of the high grade railroad shares and a weakened technical po: tion resulting from the rapidity of the Thoothy seed £.0096.50 ' Clever eced 16.50@20.25. recent advance among certain indus- 5 1.27 1.26% 1.27 | trials precipitated much of the selling. - 1.26 1.26% 1.25% 1.26% Towards the closing the market shor ~115 1.16% 114% 1.15% ed signs of much reegperative powers Baldwin rallying two points and Pro- ~- = 12% .18% 212% .721% Gucers and Refiners, United Fruit os a re 734 24 and Kresge following it to higher é 72% 72% ground. Call money opened at 5 per cent. ~- = - 48% 44% 43% 43! Reactionary tendencies. were quite - 45% 46% 45% re pronounced in some of the copper, = a% 43% em lam leather and tobacco shares, but tn- dustrials otherwise were inclined to advance in sympathy with the heavy buying of Baldwin and the motor ac- 10.72 10.95 10.87 a132 Oil -:- Finance -:- Bonds -:- Stocks - NEWS AND QUOTATIONS BY LEASED New York Stocks Associated Press Leased Wire Allied Chemical Allis-Chaimers American Areortian Ameren American |Pan American Petroleum. cessory issues. Baldwin advanced 3 points to 138, while Bosch Magneto gained 4 points. Dupont jumped 6 points. Fluctuations in railroads were somewhat mixed, Ontario and West- rn and Canadian Pacific falling back narply, wh'le New York Central, Low Marquette and Rock Jeland were bid up mé&terially. The closing was frregular, movements were somewhat confused in the final hour speculators for the advance finding it difficult to bid up 10.95 10.85 CHICAGO, Dec. 27.—Potatoes dull; receipts 59 cars; total United States shipments 401; Wisconsin sacked and bulk round whites 80@90c cwt.; Min- nesota sacked and bulk round whites most stocks without getting a heavy supply at higher levels. Baldwin and Americgn Locomotive continued their rise to higher ground, the former touching 13944 for a net gain of more than four points. Fisher Body moved up 4% but there were several weak spots, notably Stromberg Carburetor, American Ice and Atlantic Gulf, Foreign Exchange NEW YORK, Dec. 27.—Foreign ex- changes easy. Quationr in cents: | Great Britain cemand 4.64%, cablee 4.64%; 60 day bills on banks 4.62% 15@85c cwt.; Minnesota sacked Red River Ohios No. 1, 85@90c cwt.; Idaho sacked Russets No. 1, frozen, 90c@$1 ewt.; no sales reported of good con- dition stock. Butter and Eggs CHICAGO, Dec. 87.—Butter lower; creamery extras 5lc; standards 47@ 47%c; extra firsts 47@50o; firsts 44@ 45%c; seconds 42@42c. Eggs higher; receipts 8,038 cases; firsts 89@41c; ord'nary firsts 85@36c; misceflaneous 8T@38c. ———.___ SUGAR NEW YORK, Dec. 27.—Sugar fu- tures closed firm; approximate sales January $3.75; March $3.49; May $8.60; July 38.72. There’ wes no change in refined sugar and only moderate inquiry was Prices are listed at $7.00 granulated. ————— NEW YORK, fe: 27.—CaN money France demand 7,23, cables 7.24; Italy demand 5.08%, cables 5.09; Belgium demand 6.83, cales 6.64; Germany de mand .0182. cables .0133; Holland de- 78; Norway ée- .00; Sweten demand 26.94; Denmark demand 20.7 tserland demand 18.97; Spain demend 16.77; Greece demand 1.19; Poland demand 0054; Czecho-Slovakia demand 3.13; Argentine demand 88.1%; Brazil de- 908: yeported. treat 98 81-32. sae Yaa ‘NEW YORK, Dec. 27-—Copper firm; electrolytic spot and nearby 14% @14%; futures 14%. 4 ‘Tin steady; spot and futures 39.00. Tron steady unchanged. Lead steady; spot 7.25@7.85. Zinc quiet; East St. Louis spot and nearby delivery 7.00@7.10. Antimony: spot 6.25@6.50. —— Prime commercial paper 44 @4%. a Australia Puts In Big Orders persistent eastern connections, but the ensuing setbacks proved transient. The mar- Cotton. NEW YORK, Dec. 27.—Spot cotton quiet; middling $26.75. SWAN UNDERREAME} ‘ncreased demand for lumber, how- ever, ft is @xpected that additional icarriers will be found. 3 FACE CAMERA Can Ce & ray. Ete & Leather Bethlehem Steel “BY Canadian Pacific Centrai Leather Chino Copper Colorado Fuel & Iron Corn Products .. Crueibl2 Steel - Erie . Famous Players-Lasky General Asphalt General Electric General Motors Goodrich Co. Great Northern pfd Iilinois Central Inspiration Copper International Harvester Int. Mer. Marine pfd International Paper Invinelble Of Kelly-Springfiela Tire Kennecott Copper Louisville & Naahvill Mexican Petroleum Miami Copper -- Mice States Of Midvale Steel Missouri Pacific Central. . H. and Hartford_..-- 20% Pacific, Oil -. Royal Dutch, N. Y.. Sears Roebuik Sincleir Con, Ofl Southern Pacific Southern Railway Standard Gil of N. J. Studebaker Corporatiot Tennessee Copper Texas Co. Texas & Pacific. Tobacco Products - Transcontinenial Ot! Union Pacific United Retail U. 8. Ind. Alcohol - United States Rubber. United States Steel. Utah Copper Westinghouse Electric Willys Overland American Zinc, Lead an Butte and Superior. Cala. Petroleum Montana Power - Shattuck Arizona Chicaga Northwestern Great Northern Ore_ Maxwell Motors “B” Consoli@ated Gas American Linseed Oil GRAIN RECEIPTS FOR YEAR AT CHICAGO UP MILLIONS OF BUSHELS CHICAGO, Dec. 27—Corn receipts at Chicago for 1922 broke all previous records, totaling around 193,006,000 pusheis. Wheat receipts were 11,135,- 000 mors than last year and the agere- gate arrivals of the five leading grains was 29,068,000 bushels more than 1921. Shipments of corn 119,000,000 bushela were the second largest on record, exceeding only by the mark of 131,000,000 bushels in 1898. Wheat shipments were 9,993,000 more than last year. B Movement of packing house prod- ucts showed a material decrease com- pared to last year, arrivals of cured and fresh meats decreased 23,000,000 and 202,009,000 pounds respectively. Shipments of cured meats fell off 242,000,000 pounds and fresh meats decreased 161,000,000 pounds. — NEW YORK, Dec. 27.—Prices of ‘Wyoming otls at 2 p. m. today were listed on the New York curb as fol- lowe: ; Boston-wyoming 1; Fensland 15%; Glenrock 1 1-16; Merritt 8; Mountain Producers 18; Mutual 12; Omar 1 1- Salt Creek 21%. DRUNKS MUST 6 Bm... 15% 3 again he will be presented with ture of himesif so that he may know how he looked when taken to the jal } Hammond hopes this ‘picture cure” will be = potent weapon against drunkeness, - ' @8.75; best here 9.50; she stock fairly steady ; |18c higher; lambs $12.50@14.2 footer he Casper Daily Cribune - Grains - Oil Securities Furmished by Taylor and Clay. luck Creek Burke - Blackstone Salt Kinney Coastal Compase = --—---...-.- | sorrento Royaity- Gut Lance Cresit Mike Henry Mountain & Re Tom Bell Moyalty -- Ww tm Exploration . 2.30 Wyo-Kans. Wyo. Tex. ~ yO Western States 3 ¢ You NEW YORK CURB CLOSING Mountain Producers Merritt .- ‘ Glenrock Oj! - cu If but twenty to twenty-five per vent of this structure !s productive, trom 30,000 to 40,000 acres will af- ‘ord production senting a mint num, immediate, potential value 3200,000,000, or more than one quar ter of a billion dollars, using an est! mate of $10,000 recoverable values Victory 4%s oo w Torchlight Sunburst. Elk Basin Greybull Lander bi Chicago Prices. CHICAGO, Dec, 27.—{United States Department of Agriculture.}—Hogs— Receipts 26,000; opening slow; later sales fairly ective, unevenly steady to 10c higher; bulk 150 to 260-pound mostly 87.75@8; pigs slow, steady: up to $8.25; heavy hogs $8.40@8.0 medium $8.55@8.65: light $8.55@8.65; Ught light $8.50@38.65; pacing sows. smooth, $7.70@8.10; packing sows. rough $7.40@7.70; killing pigs $8@ 25. grades very slow; killing quality pain; few early sales beef steers $7@ 10,25; some held around $12; she stoc! strong to 1fe higher: bulls firm; veal calves 25c to 50c higher; stockers and feeders largely steady; plainer grades slow; bulk desirable ighty canners around $3; bulk desirable boloz 2 bulls $4.15@4.40; some upward to $4.50; bulk good and choice vealera tc packers $10@1¢.50; outsiders upwa % to $11 and-above; most stockers and feeders $6.75. « Bheep—Receipts 17,000; opening slow; early sales clipped lambs around steady; fat wooled kinds weak. tending lower; early top $15.35 to city butchers; desirable 85-pound clippet fed lambs $13.15; summer shorn up OMAHA, Neb., Dec. 27.—{U. S. De- partment of Agriculture.)—Hogs re- ceipts 13,000; opening weak, closing trong; bulk packing 1.25@ 7.60: bulk butchers top 8.20. Cattle receipts 5,800: better grades of fod steers steady; warmed up cnd short feds about 10c lower; bulk 7.00 grad 8.0088. active, to strong; bulk cows and heifers 4.00@5.50; veal top 9.50; best feeders 7.90; all other. classes fully steady. Sheep receipts 11,000; lambs steady to l6c higher; bulk 14.25@14.65;. top 14, sheap strong; ewes mostly 6.50 @7.50; top 7.75; feeders 15@25c high- er; top feeding lambs 14.50. DENVER, Colo.. Dec. 27.-Cattle— 800; market steady; Deet) steers %450@8,60; cows and heifors| $3.60@7.75; calves $5@9.50; stockers| and feeders $3.5097.50. 1 Hoge—Recetpts 90; market steady: top $8.50; bulk $8@8.35. t Sheep—Receipts 9,800; maret 10 to) ewes} ryt] lambs $1214.75, | | 1 | | i SILVER NEW YORK, Dec 97.—Foreign bar silver 63:4; Maxican Gollars 48%. tui tiv divide pered fession. series, read: sand. should not prove sati zone the hi Tensleep at 2400. enter the coming of spring there is what that field will be f great activity. the Christion Vrang, a consulting geolo- t who is well known among the oll nen of this state having represented Association of California in this district for @ considerable length tume and who is thoroughly with the geological formations of this sart of the country. Among In the opt ie ree es at umulations., hy cture may depth in many cases field so that with recent arrivals inion of Mr Vrang ‘ower horizons may produce oll thought thet the minor trans foldings flanking the main afford better oppor: for petroleum Within the — ot tz contours an excess of 150,000 4 is represented. > an acre as a basis. The finding of oll in Baxttr Basin definitely y of favorable areas west of the ntinontal divide to as far west ae he great vanston and Kemmerer oeriod many geologists have doubted the possibilities of rea oil production of the arbitrarily drawn line continental est along the crest of nd this belief became so firm- ly entrenched. as to have finally be- come one of the mar ditions among geologosts, & tradation which grew untill it became a “neck yoke of superstition” which has ham the geologists’ the other A few have had the courage to brave traditional fogyism and the more conservative wing of thelr profession and have fear- lessly recommended certain Tertiary: covered regions in western Wyoming wherein stuty column of petroliferous horizons ex- tending from ton shales. Recent recognition of the oll rossi- ‘Tertlary-covered areas to the west and at no great dis- tance from Rock Springs. ail man and geologist, well informed an petroleum conditions in Wyoming ‘s at last recelving favorable concur: rence of opinion on the part of the fore active and seasoned of the pro- ‘This worthy pioneering work may be the Inccption of future oll exploitation which, with their attend- ant. successes, dound to the benefit of Rock Springs in the very near future. criticiams of the up ilitles of progre profession as science: through establish the displacements west the in has ion it in has reve. city Green the Park the certain will undoubtedly familiar but produc: For a long MARKET GOSSIP ANG FIELD NEWS BRIGHT FUTURE FOR BAXTER BASIN ROCK SPRINGS, Wyo., Dec. 27.—Contrary to the expec- tation that winter would witness a decided slump in opera- tions in the Baxter Basin field, the larger companies are go- ing ahead on an enlarged scale which from all present indi- cations will be continued through the cold months. are arriving daily from various parts of the country for the ourpose of securing first hand infor- which was recently opened on section mation and t arranging the no doubt the scene ts ot the ight point will prove the entire south end of the structure and wi) Iresult tr development of a acreage in that vici the withdrawal and ow! mented at 3,000 feet and the 10 J is being pulled ‘Wall Creek was found here at feet and the second sand lays 400 fect | below, should be accomplished of forbidding tra- a long forma. River by a local Livestock -:- All Markets Oil men 10, The bringing in of oil at this amount of | ( rge The eight inch casing has been ce today. As the fi it wf Ibe necessary to dr 225 feat deeper to tap the pay and this some time during thy coming week Bolton Wells Progressing Good progress is being made with the two new wells being drilled by the | f lowa-Wyoming Oil company in the} Bolton Creek field. No. 13 ts drilling | at 500 feet and No. 14 is making hole at 500, Both wells are locate] near the center of the field and will, not prove additional territory when com pleted. The average price of twenty active industrial jocks traded in on the New York stock exchange on Tues. day was 99.04 @ net gain of 42. The average of twenty railroad stocks was 85.99 a net gain of .12. No Completions by Midwest. Another week has passed with no completions by the Midwest in Salt Creek although {t is expected thst some of the remaining few to be com pleted will be in the sand in the near future. Very little change {s noted in the wildcat tests of the company. Mid way test No. 2 is still fishing at 4.415 feet. Crowe well No. 2 in the Notches fs cleaning out mt 1.830 feet after re- covering a‘ lost stem. The Nieber dome test ts drilling at 1,410 feet. CHICAGO MAYOR French Republic French Kingdom Kingdom Repu of Weatinghouse bit Belstum Electric Tue of Belgium 6s. Dom. of Can. Sia per cent notes 19; Se 107 BORAH AMENOMENT IS ASSAI (ED BY ADMINISTRATION SENATORS (Continued from Page One) |ing President that France will ratify the treaties of | ternational conferenca tn Washington Washington within « short time.” Harding to call am in- to consider methods of restoring Declaring he was without informa-|“sound business and financial coal. Japan and It to limiting small naval were ready Lodge concluded: “As in the case of land armament. could not su: it would be perfect'y idle to take the! orignal responsibility for calling a conference) proceeding for modificat to consider armament limitations that were rejected only a yenr ago unless) break: had de: to consider tion as to whether France. y. who all had objecte craft, ft, Holland, now Senator we had the assurance from the pow not do any good." [3 ASSAILED BY formed other submarines Senator of powers the Lodge sald competit'on naval permissible in small and aircraft he surd position, but it certainly would was in- amonz craft, under the Washington treaty, and ho VOTERS LEAGUE Waste of City Funds Is re- In addition to the merits of certain The which has grown more valuable since the development of the light gravity product from the erttaceous rocks. aceking the black and the successful development of the pre-cretaceous rocks will be of espe- clal benefit to Evanston and Kem- merer where the possibilities of this fluid are known to exist. work in the oil Test Nearing Sand factory in Je will be continued to the The bringing in of a producer here, which {s confidently looked forward to, will prove a large area and will mean the opening of another field in the Casper territory. portions of crests anti Companies are prod portions of the surrounding Tertiary covered regions explorato! be prosecuted will re-cretaceous favorable localities of which are known to border the western rim of the Green River Ras! along certain the lines. . principally ot Wyoming and Meridian ultmate product is black ol! to be more and The joint test of Benedum & Trees, the Victor-Wyoming Ol! company and Mark U. Weber and associa Grilled on section 9-31-81 in the Bates Park district has reached a depth of 1400 feet and all water is shut off. Double tour is now being worked and 2s the Embar is expected at 1800 feet this operation should soon bs in the In the event that production being this Important Completion Pending One of the most important tests in ‘Teapot is now nearing completion and upon the result of this well will hinge the future of a vast area of land in the south end of the fleld. This operation {s located on UND. s | and a mile southeast of the big gasser (act oearneyentenetonremr mmarated SWAN ERREAMERS + YOUR STORE the northwest quarter of section 14-38-78 and is the farthest south being drilled in the field. It is over two miles south Charged in Paying Realty Experts CHICAGO, Dec. 27.—The Municipal Voters’ Lengue in a statement made public here charged Mayor William Hale Thorapson and his supporters in the city counct! with responsibility of an alleged waste of city funds in what !t declared excessive payment to five real estate and building experts employed by the city. In 1920 the Municipal Voters’ league charged, five “Thompson real estate experts 2. °* got away with $2.742,666 from the city treasury and drew a total of $3,287,634 in three years, aceording to the city control ler "Chicago's city hall gang is Neved to have cost Chicago ™ than the T-veed ring cost New York," the statement continued. . Commenting on the city council's responsibility, the statement said: “Nothing so dastarGiy and servil nothing so degrading in its tenden- cies and so deadly to the ideals of aldermen, has occurred in the coun- cil since the league was organized 27 be. years ago. It was the act of a gut- ted, pliable, incompetent Thompson council, “The Pennsylvania and the New York state capitol graft, -the robbing of San Francisco by Rueff’s machine and other gems of official brigandage show no euch clear, quick and neat Profits to subordinate individuals as our experts got.” Suits have been filed in gourt against Mayor Thompson, the city controller and the five experts for recovery of part of the alleged wasted money paid the latter. In concluding, the statement asked “why not clean out such a council root and branch, saving only the handful of honest men in tt." ———__— BANK ROBBER! SURRENDERS| RICHMOND, Cal., Dec. 27,—A mi who said he is Will’!am T. Price sur-| rendered to the police here and said he was wanted for the robbery of the Bank of P: sbert, Cherokee coun- ty, Okla. He said his brother, Charles, and a third man obtained $2,855 in the robbery. The sheriff of Cherokee county no- tified the police to hold Price as there was a reward for his arrest. Price, the police said, confessed his brothers, Charles and George, wero k'lled attempting to rob a bank at| Eureka Springs, Ark. Price said he| has been driving an automobile bus| at Banta Paula, Cal., until he arrived | here recently. bulla airplane carriers and altreraft, that more 1 urged WASHING’ than a score of republican senators in| man formal conference today before the| committes and Senat ight arm TOD De ored the United States should crulsers, ‘More senate reconvened decided to oppose the amendr: ior Borah, the naval appropriation would request President Harding to| international economic call an inter nent offe: repubitca: national red by Sen- » Idaho, to Dill, which @isarmament conference. The conference determined and that Senator Poindexter should m the fight by making a point order against the Borah amendment, on the ground that it is general legislation tn an appropriation measure. If the potnt of order should be overruled administration leaders raid — they planned to fight the proposal on its merits, and ag a last resort to present modifications limiting the proposed economic conference tn such a way as to give satisf embroflment in the affairs RELATIONSHI WITH. EUROPE INVOLVED WWASHINGTON, whole field ¢ to Europe, Dec American relationship particulariy as they volve the problems of economic re habilitation opened and disarmament, up to debate in the senat: was again today when work was resumed on the naval appropriation dil) after the Christmas recess. The immediate vehicle which brought the troub!es er the European powers once more to the front on the senate floor was an amendment to the naval bill, Borah, repub! introduced by Senator tions” ‘and to seek an agreement with further Imitation of naval constrae tion, ‘ After a week of conference, admin+ istration leaders indicated that they Pport the propnsal in its form, and negotiations were fons to make Meantime a defite: lopea within the ranks of the sena*s trreconctlabie group, ‘of it acceptable. ers invited that they were reaty to| whch Senator B 9 e! ‘or Borah has been a leader consider limitations, It would nt do| since the league of nations fight, Ben. any harm except to put us in an ab:|ator Johnacn, republican, Californie and others taking the position thet a |conference like that proposed would embroll the United States hopelessly in European polltics In some quarters, it was expected that the views of President Harding vould be made known fn a u~alve Way before’ the debate had proceed very far. Both Mr. Harding and Sec- relary Hughes have been consulted about the Borah proposal and many say members were looking to Chatr- Lodge of the foreign relations ‘or Watson of In- diana, another of the administration leaders to disclose fully the attitude of the executive branch of the govern. ment toward the possibilities of a new conference on American soll. AUTO IN RIVER, TWO DROWNED OMAHA, Neb., Dec Miss Vera Jetters, 23, of Horace, and her cousin, thur Cl 25 .of Randolph ‘owa, were drow Tuesday when the automobile Clark was driving ‘to ’ Christmas dance at Glenwood, lowa, plunged into the Nishmabotpa Near Randolph, Towa southeast of Omaha, automobile was found a short while later, and the bodies were re- about 40 miles covered, 4 —_— NOTICE OF ANNUAL MEETING Notice is hereby given that the Annual Meeting of the Stockholders of the Wyoming Trust Company of Casper will be held at the office of said Bank at 201 South Center Street in the City of Casper, Wyo- n, Idaho, and request-|™ing, on Monday, January 8, 1923, at four o'clock p. m. for the pur- pose of electing the new Boat, of Directors and for such other bus: ness as may come before the meet~- ing. LEO A. DUNN, ; Secretary and Cashier. Publish Dec. 27, 1922. see hs Dh oe Use Tribune Want Ads and get reaults JUR STORE Dar PCN T | AT. Y¢ SUPPLY {8 Surveying aud Locations Geologists Gil Experts Oil Field Maps, Blue Prints WYOMING MAP AND BLUE PRINT CO. P. O. Box 325 Room 10, Daly Bldg.